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417 Walnut Street Reading, PA $ 420,000
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$ 420,000 Get more info
417 Walnut Street
$ 420,000
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417 Walnut Street

Reading, PA, 19601
$ 420,000
Bedrooms-- Baths-- Sq 12,151

Monthly Estimate*

$ 2,586

417 Walnut Street, Reading, PA 19601 - Image 1
417 Walnut Street, Reading, PA 19601 - Image 2
417 Walnut Street, Reading, PA 19601 - Image 3
417 Walnut Street, Reading, PA 19601 - Image 4

Commercial Property for sale in Reading, PA

for $420,000. This 12,151 square foot building was built in 1920 on a lot size of 0.12.

Positioned in the heart of Downtown Reading, this rare multi-building opportunity offers investors the potential to develop 1214 apartment units in a rapidly evolving corridor. Previously utilized as a Drug Addiction Parole & Probation Treatment facility, the property features substantial square footage and a layout conducive to multifamily conversion. Ideal for developers seeking a high-upside repositioning project in a growing rental market. With strong rental demand in the area and continued downtown revitalization, this asset presents a strategic opportunity for long-term cash flow and appreciation. Bring your vision and unlock the full potential of this prime investment.

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Commercial Active

Price

$ 420,000

Property Type

Commercial

Taxes

$ 8,712

Style

Apartment Building

Lot Size

0.12

Year Built

1920

Town/City

Reading

County/Region

Berks

MLS | Web ID

PABK2068316
Features
Interior
Heating Fuel Natural Gas
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
Total Restrooms 13
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General
Sewer Public Sewer
Heating Steam
Cooling None
Possession Immediate
Zoning R3
Construction Materials Brick Front
Year Built 1920
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality READING CITY
Business Type Apartment Building
Accessibility 2+ Access Exits
County BERKS
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Madison and Walnut
City READING
Number Of Units Total 15
MLS Area Reading City (10201)
Lot Size Units Square Feet
Lot Size Square Feet 5227.00
Tax Annual Amount 8712.0
Price Per Sq Ft Total AG 34.57
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 5435
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 12151.00
Lot Size Acres 0.12
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 26700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 417
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* Excluded Features
List By
Light House Realtors, Llc

Broker

trustdiaz@gmail.com

Email

Affordability Calculator

$3,312
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,586
Monthly Property Taxes
$726
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$420,000 Listed Price

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417 Walnut Street, Reading, PA, 19601 is a Commercial Property for sale at $420,000 with 12,151 sqft and a lot size of 0.12. 417 Walnut Street was built in 1920. The property's zip code is 19601 which is in Reading, PA

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